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Tuck professor receives Minority Business Development Agency's lifetime achievement award

FOR IMMEDIATE RELEASE—November 12, 2007

CONTACT: Kim Keating, 603-646-2733

HANOVER, N.H.—Tuck School of Business Professor Leonard Greenhalgh has received the U.S. Department of Commerce's Minority Business Development Agency (MBDA) lifetime achievement award for his continued work with America's minority business owners.

Presented at the MBDA's 25th Minority Enterprise Development Week Gala in Washington, D.C. in September, the award recognizes Tuck's achievements in fostering the growth and development of minority businesses.

"I am really proud of Tuck for having taken this stance and making an investment in the future of minorities," says Greenhalgh, director of programs for minority- and women-owned business enterprises at Tuck. "Personally, it's enjoyable being part of something that makes a difference on a national scale."

Tuck runs the largest and most comprehensive executive program for women and minority entrepreneurs, with approximately 15 events held annually on campus and in areas with large concentrations of minorities. The school's one-week executive education programs have helped more than 4,300 minorities survive, prosper, and grow their businesses to scale. Thousands more have benefited from Tuck's shorter offerings.

Greenhalgh says most people who start entrepreneurial ventures know how to deliver a service or manufacture a product better than they know how to run the business. This leads to high failure rates, and has serious implications for the nation's inner cities, poor rural communities, and Indian reservations, where job and wealth creation is tied to the success of minority business owners.

"Minorities will become the majority by mid-century and if they are not economically self-sufficient, the U.S. economy suffers," says Greenhalgh, who taught in Tuck's first minority program in 1980. "Everybody should be concerned about this issue."

Founded in 1900, Tuck is the first graduate school of management in the country and consistently ranks among the top business schools worldwide. Tuck remains distinctive among the world's great business schools by combining human scale with global reach, rigorous coursework with experiences requiring teamwork, and valued traditions with innovation.